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VALCOM INC Message Board

  • sylcara1010 sylcara1010 Oct 2, 2011 7:38 PM Flag

    good read

    The contracts represent six figures in net income to ValCom. ValCom will be receiving cash payments for the content. The networks will begin broadcasting the films and programs in September.

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    • I think most of these titles were taken from a storage locker in Glendale ca. and he has no more right to sell them than you or I. This company has always been involved in legal issues and bad business. Look for more of the same if VV is around.

    • You can now find My Family TV on FilmOn.

      The only problem is when you click on the link to view the preview, all you get is Luken Communications screen with their phone number.

      At least there is a TV guide for the channel...it's all TV shows...so this may not be the movie deal that the PR talked about.

      http://www.filmon.com/index/tvguide/?id=301

      • 1 Reply to tigerpac
      • Stay tuned for tomorrows episode of Valcom Inc. Same time same channel as the drama from the board room continues.
        Who will throw the next power punch?
        Will the coo members come out from under the table?
        Will Vince climb down off of it?
        Will the share price drop like a rock to .01
        Or sky rocket to the moon with Vince pacing back and forth on top of it?
        Will the broken link get fixed at Luken ?
        Will anyone dare dialing the phone number to find out ?
        Tomorrows episode will be broadcast commercial free with no interruptions.

    • lol, i prefer and agree with your first summarized opinion best:

      Here are the relevant parts....my guess is that the other three board members, Manning, etc..did not know the extent of the Rathod's involvement in Valcom...the Series A preferred shares...and got blindsided when they tried to oust Vince...legal is their only option...but I think they are screwed...

    • In summary, Vince made a deal with the devil in order to insure his survival.

      Rathods made a deal with Vince, and Vince only, to protect their investment.

    • Here is the paragraph from the PR:

      FilmOn is licensing 100 of ValCom's films in an all cash deal for a 1 year initial term. In recent weeks ValCom has created multiple streams of revenue from ValCom's library of 6,000 titles. ValCom will be delivering content to FilmOn at the beginning of October. The films will be used by FilmOn for both Video On Demand applications and as content for 24/7 original channels that are unique to the FilmOn platform.

      Here is your statement:

      The contracts represent six figures in net income to ValCom. ValCom will be receiving cash payments for the content. The networks will begin broadcasting the films and programs in September.
      =================
      To say that this reprsents six figures of net income may be a bit of an overstatement. I believe you are relying on a statement that Vince made saying that he had some deals in the pipeline that were worth six figures each ..of revenue...he never detailed the expenses...although you would think that since the library has become more digitalized, there shouldn't be many expenses...but with Valcom you never know.

      I would also love to know how Valcom is going to record this revenue. Will they recognize the total revenue of the 1 yr deal upfront or will they spread it evenly over the 12 months?

      My guess is that they will rob Peter to pay Paul and book the entire amount up front in order to show stockholders big % increase in revenue and thus try to juice the stock price. A/R will stay higher than usual as the contract will be paid off over the course of the year (if in fact the deal goes through).

      Content should start to show up on the FilmOn site this week if I read the PR correctly.

 
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